United States Steel Receives a Sell from Citigroup

By Carrie Williams

Citigroup analyst Alexander Hacking maintained a Sell rating on United States Steel (NYSE: X) today and set a price target of $22. The company’s shares opened today at $25.31.

According to TipRanks.com, Hacking is a 3-star analyst with an average return of 11.4% and a 52.4% success rate. Hacking covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Teck Resources Limited, and Warrior Met Coal Llc.

Currently, the analyst consensus on United States Steel is Moderate Buy and the average price target is $31, representing a 22.5% upside.

In a report issued on September 5, Standpoint Research also downgraded the stock to Sell.

The company has a one year high of $41.83 and a one year low of $15.72. Currently, United States Steel has an average volume of 15.04M.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of X in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following segments: Flat-Rolled Products, U.S. Steel Europe, and Tubular Products.